However, the behaviour of consumer depends on some factors. There are number of factors in the study of consumer behaviour which plays important role in buying of any new product or services from the selling firm such as customer income, culture, technology, various types of personal factors.
The responsibilities of the board of directors includes the establishment of the audit and compensation committees. The audit committee is responsible for ensuring that the company's financial statements and reports are accurate and use fair and reasonable estimates.
Committee and/or Risk Committee (as appropriate) and report to the CEO or to the head of another oversight function. The Board, through the Audit Committee and the Risk Committee, are responsible for overseeing effectiveness of the. oversight functions and the heads of these functions.